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Grange95's profile
Grange
Grange
Grange
@Grange95

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Grange

@Grange95

Recovering lawyer, Huskers & Packers fan, poker degenerate, scurvy fighter, sarcastic SOB ... Mostly here for the dogs.

West Des Moines, IA
craakker.blogspot.com
Joined April 2009

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    1. Matt Savage‏Verified account @SavagePoker 15 Aug 2018

      Matt Savage Retweeted Matt Savage

      Also genuinely interested to know for those that voted “even chop” (currently 29%) why they think that is a fair option?https://twitter.com/SavagePoker/status/1029905621624082433 …

      Matt Savage added,

      Matt SavageVerified account @SavagePoker
      A tournament has three day 1's and day one plays to completion where 80 players of 553 entries make it to day two. A natural disaster happens and the tournament needs to be canceled as the casino will not open for at least a week. What's the best solution?
      19 replies 0 retweets 6 likes
    2. Grange‏ @Grange95 16 Aug 2018
      Replying to @SavagePoker

      1/ There is no “fair” way to divide a prize pool in these circumstances. The real question is whether there is a reasonable basis for anything other than an equal division of the prize pool among remaining players.

      1 reply 0 retweets 1 like
    3. Grange‏ @Grange95 16 Aug 2018
      Replying to @Grange95 @SavagePoker

      2/ In other words, can you make a case that Day 1 finish in a multi day tourney is strongly correlated with final finish? Or is the game too volatile?

      1 reply 0 retweets 0 likes
    4. Grange‏ @Grange95 16 Aug 2018
      Replying to @Grange95 @SavagePoker

      3/ I looked at this a few years back after the Borgata poker tourney cheating scandal. If you look at WSOP tourney results, final table players rarely are big stacks in Day 1 or 2.

      1 reply 0 retweets 0 likes
    5. Grange‏ @Grange95 16 Aug 2018
      Replying to @Grange95 @SavagePoker

      4/ Day 1 results are probably much more a result of short term variance—a good run of cards. There probably is some advantage the bigger stacks have that could be quantified by an actuary with a large data set, but I suspect ICM/chip chop methods break down in this situation.

      1 reply 0 retweets 0 likes
      Grange‏ @Grange95 16 Aug 2018
      Replying to @Grange95 @SavagePoker

      5/ I’m thinking about this as a lawyer and insurance exec. From a legal frame, I’d view a chip chop as too speculative in these circumstances. As an insurance exec, I’d question the validity of a chip chop model in these circumstances. But ...

      4:17 AM - 16 Aug 2018
      • 1 Like
      • DistrActionFreak
      1 reply 0 retweets 1 like
        1. New conversation
        2. Grange‏ @Grange95 16 Aug 2018
          Replying to @Grange95 @SavagePoker

          6/ Ultimately you have to decide as a poker tourney director. You can’t run out the tourney, so there is no “correct” answer. All you can do is try for a reasonably fair result. A strong argument can be made that players eliminated have no claim to the prize pool.

          1 reply 1 retweet 2 likes
        3. Grange‏ @Grange95 16 Aug 2018
          Replying to @Grange95 @SavagePoker

          7/ For the remaining players, you can’t make them all happy. An even chop is more fair than indulging the fiction that Day 1 results have any connection to final results. But as a tourney director, YMMV. Headaches like this are why you get paid the big bucks. 😜

          1 reply 0 retweets 2 likes
        4. 1 more reply

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